Economy · 1 d ago

Seven leading OPEC+ producers keep their December oil output unchanged

Russia, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman and Algeria will keep their oil production quotas for December at November's level, OPEC said.

Saudi Arabia's December quota

10.478 million barrels a day

Saudi Arabia's quota stays at 10.478 million barrels a day and Russia's at 9.949 million, the same as in September, October and November.

Background

The group has finished unwinding its voluntary cuts, returning 3.85 million barrels a day to the market over the past year and a half.

Nov

Sunday

OPEC+ monthly meeting

The seven countries will keep meeting every month to review the market, and their next meeting is set for Nov 29.

Economy · 1 d ago

Seven leading OPEC+ producers keep their December oil output unchanged

Russia, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman and Algeria will keep their oil production quotas for December at November's level, OPEC said.

Saudi Arabia's quota stays at 10.478 million barrels a day and Russia's at 9.949 million, the same as in September, October and November.

The group has finished unwinding its voluntary cuts, returning 3.85 million barrels a day to the market over the past year and a half.

The seven countries will keep meeting every month to review the market, and their next meeting is set for Nov 29.

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